Plume Network’s USD1 Integration Could Attract Binance’s Attention to RWAfi Ecosystem
Plume Network has taken a significant step toward institutionalizing real-world asset finance (RWAfi) by partnering with World Liberty Financial (WLFI) to integrate USD1, a U.S. Treasury-backed stablecoin, as the primary reserve for its native pUSD stablecoin. This strategic collaboration leverages USD1's 1:1 dollar peg and regulatory compliance under BitGo's oversight, marking the first direct on-chain deployment of a Treasury-backed stablecoin in the RWAfi space. The move is expected to enhance liquidity, transparency, and trust in the ecosystem, potentially drawing interest from major exchanges like Binance. As the RWAfi sector gains traction, this integration positions Plume Network as a pioneer in bridging traditional finance with decentralized solutions, offering a compliant and scalable framework for institutional adoption.
Plume Network Integrates USD1 Stablecoin to Boost RWAfi Ecosystem
Plume Network has forged a strategic partnership with World Liberty Financial (WLFI) to incorporate USD1, a U.S. Treasury-backed stablecoin, as the primary reserve for its native pUSD stablecoin. This collaboration aims to institutionalize real-world asset finance (RWAfi) by leveraging USD1's 1:1 dollar peg and regulatory compliance under BitGo's oversight.
The integration marks the first direct on-chain deployment of a Treasury-backed stablecoin, with USD1 already facilitating high-value transactions—notably a $2 billion UAE investment through Binance. Plume's institutional users gain access to enhanced collateral options, cross-chain interoperability, and scalable liquidity pools, enabling advanced yield strategies and composability with platforms like NestCredit.
Ethereum Faces Short-Term Headwinds as Exchange Inflows Rise and Open Interest Declines
Ethereum's recent rally shows signs of fatigue as on-chain data reveals increasing exchange deposits and weakening derivatives activity. Nearly 100,000 ETH ($250 million) flooded into Binance in two concentrated waves, according to CryptoQuant analysis. Such movements typically precede selling pressure when whales shift assets to trading platforms.
The divergence between spot price action and open interest tells a cautionary tale. While ETH notched three consecutive local highs above $2,500 since June 26, Binance's open interest failed to keep pace—recording lower highs beneath $5.6 billion. This disconnect suggests traders remain skeptical about the sustainability of current price levels.
Macroeconomic headwinds compound Ethereum's challenges. The Federal Reserve's net liquidity has contracted from $6.2 trillion to $5.84 trillion in recent weeks, tightening capital availability across risk assets. Without strong buyer absorption, ETH's upside appears constrained in the current environment.
Binance Founder Changpeng Zhao’s Net Worth Surpasses $65 Billion
Changpeng Zhao, the enigmatic founder of Binance, has seen his net worth eclipse $65 billion, according to Forbes estimates. The bulk of his wealth is tied to BNB, the native token of the Binance ecosystem, of which he reportedly controls 64% of the total supply.
In a rare interview with Anthony Pompliano, CZ revealed the audacious risks that shaped his journey—from selling his home to betting everything on crypto’s early days. "Money is not the limiting resource," he remarked. "Time and energy are." His focus has shifted from accumulation to impact-driven projects.
The interview offered a glimpse into CZ’s bullish conviction for crypto’s future, though he avoided specifics on Bitcoin’s rivalry with traditional assets like real estate. His trajectory mirrors crypto’s rise from niche curiosity to trillion-dollar industry.
WazirX Price Prediction 2025-2030: Recovery Prospects Amid Market Turmoil
WazirX's native token WRX faces existential challenges after an 86.47% annual plunge and Binance's delisting decision. The exchange token now trades at [liveprice sym="WazirX"], with technical indicators suggesting potential upside to $0.27 this year.
Long-term projections remain speculative, with CoinPedia forecasting a $1.00 target by 2030 contingent on platform rehabilitation. The token's collapse follows failed repayment plans and eroding investor confidence, leaving its future viability in question.
Market analysts note WRX's trajectory mirrors broader exchange token volatility, though its specific governance challenges present unique headwinds. The coming months will prove decisive for WazirX's ability to restore liquidity and trading volume.
Movement Labs Transfers $7.85M in MOVE Tokens from Binance to Strategic Reserve
Movement Labs has shifted 45 million MOVE tokens, worth approximately $7.85 million, from Binance to its Strategic Reserve wallet. The transfer, executed in batches on July 1st, bolsters the reserve's holdings to 168 million tokens valued at over $28 million. Despite an unrealized loss of $7.77 million, analysts interpret the move as part of a long-term treasury strategy rather than a precursor to selling pressure.
The accumulation aligns with ecosystem support initiatives, including staking and development funding. Market observers note the transaction's consistency with Movement Labs' pattern of reserve deposits, suggesting a deliberate effort to stabilize MOVE's market position. Technical indicators hint at a bullish reversal for the token, which recently broke out of a descending trendline.
